Seller's Agent in 2024
Corey McHenry
David Santistevan
(619) 565-0179
3 in this area
30 Total Sales
305 W Clemmens Ln Fallbrook, CA 92028
6
Beds
3
Baths
18,840
Sq Ft
--
Built
About This Home
As of February 2024- Classic value-add opportunity– being sold by original developer from 1986 (35+ year ownership) - 70% Seller financing @ 5% I.O. for 5 years for qualified buyers - 80% +/- upside in rents post renovation - Primarily 2BR Units (2 – 1BR/1BA, 18 – 2BR/1BA and 2 – 3BR/1BA) - Newer roof - Individual hot water heaters – more efficient operations - Balconies with views for both 3BR units - Upscale city park / playground across the street Clemmens Lane County Park
Last Agent to Sell the Property
David Santistevan License #01800485 Listed on: 12/11/2023
Property Details
Home Type
- Multi-Family
Parking
- Parking Available
Home Design
Interior Spaces
- 6 Bedrooms
- 18,840 Sq Ft Home
- 2-Story Property
Additional Homes
- Number of ADU Units: 2
Community Details
Overview
- 2 Buildings
- 22 Units
Building Details
- Operating Expense $205,163
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/14/2024 02/14/24 | Sold | $5,852,000 | +0.4% | $311 / Sq Ft |
| 01/05/2024 01/05/24 | Pending | -- | -- | -- |
| 12/14/2023 12/14/23 | For Sale | $5,830,000 | -- | $309 / Sq Ft |
Source: San Diego MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,840 | $5,969,040 | $1,326,000 | $4,643,040 |
| 2024 | $16,840 | $1,561,632 | $339,844 | $1,221,788 |
| 2023 | $16,315 | $1,531,013 | $333,181 | $1,197,832 |
| 2022 | $16,318 | $1,500,995 | $326,649 | $1,174,346 |
| 2021 | $15,879 | $1,471,565 | $320,245 | $1,151,320 |
| 2020 | $16,067 | $1,456,477 | $316,962 | $1,139,515 |
| 2019 | $15,830 | $1,427,920 | $310,748 | $1,117,172 |
| 2018 | $15,593 | $1,399,922 | $304,655 | $1,095,267 |
| 2017 | $15,287 | $1,372,474 | $298,682 | $1,073,792 |
| 2016 | $14,783 | $1,345,564 | $292,826 | $1,052,738 |
| 2015 | $14,458 | $1,325,353 | $288,428 | $1,036,925 |
| 2014 | $14,190 | $1,299,393 | $282,779 | $1,016,614 |
Source: Public Records
Agents Affiliated with this Home
-
Corey McHenry
Map
Source: San Diego MLS
MLS Number: 230023941
APN: 104-162-64-00
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